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Climate change and financial stability
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When
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Schedule
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9:00-11:00 AM
After a presentation of The Green Swan, the webinar will explore the challenges posed by climate risk on financial stability and supervision, share concrete examples of policies and initiatives put in place by central banks and supervisors both in developed and in emerging market economies and expand on how the international community can address these challenges.
In the context of its annual cycle of conferences on financial systems, AFD organizes a webinar on the implications on financial stability from climate change and how this affects the work of central banks and supervisory authorities.
It is now widely recognized that climate change induces a variety of economic and financial risks. In January 2020, Banque de France and the Bank for International Settlements published a book entitled The green swan , the title referring to unexpected and rare events where traditional approaches to risk management are largely irrelevant to assess future climate-related risks, hence increasing the likelihood of systemic financial crisis.